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TANTECH HOLDINGS LTD

TANH Clue Score30
China Fiscal year ends December CIK 0001588084
$17.27 +1.53% Close, 12 Oct 2026
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Price $17.27 +2,500.90% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue39.9Operating income8.7Net income4.3Fiscal year 2017Revenue42.3 +6.0%Operating income4.6Net income3.8 −12.4%Fiscal year 2018Revenue29.6 −30.1%Operating income2.4Net income2.0 −47.5%Fiscal year 2019Revenue49.2 +66.5%Operating income−8.9Net income−6.4 −421.6%EPS, diluted−2.20Fiscal year 2020Revenue42.3 −14.1%Operating income−10.3Net income−6.5EPS, diluted−52.93Fiscal year 2021Revenue55.3 +30.7%Operating income−8.5Net income−8.4EPS, diluted−48.35Fiscal year 2022Revenue53.0 −4.2%Operating income5.9Net income2.6EPS, diluted120.10Fiscal year 2023Revenue44.6 −15.7%Operating income3.7Net income5.6 +115.9%EPS, diluted80.69Fiscal year 2024Revenue42.9 −3.8%Operating income4.0Net income−3.2 −158.1%EPS, diluted−7.66Fiscal year 2025Revenue38.4 −10.7%Operating income−12.2Net income−31.0EPS, diluted−13.64
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 39.9 42.3 29.6 49.2 42.3 55.3 53.0 44.6 42.9 38.4
Growth +6.0% −30.1% +66.5% −14.1% +30.7% −4.2% −15.7% −3.8% −10.7%
Operating income 8.7 4.6 2.4 −8.9 −10.3 −8.5 5.9 3.7 4.0 −12.2
Net income 4.3 3.8 2.0 −6.4 −6.5 −8.4 2.6 5.6 −3.2 −31.0
Growth −12.4% −47.5% −421.6% +115.9% −158.1%
EPS, diluted n/a n/a n/a −2.20 −52.93 −48.35 120.10 80.69 −7.66 −13.64

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin32.6%Operating margin21.7%Net margin10.8%Free cash flow margin−17.7%Fiscal year 2017Gross margin25.0%Operating margin10.8%Net margin8.9%Free cash flow margin2.0%Fiscal year 2018Gross margin27.2%Operating margin8.0%Net margin6.7%Free cash flow margin47.7%Fiscal year 2019Gross margin12.1%Operating margin−18.1%Net margin−12.9%Free cash flow margin29.7%Fiscal year 2020Gross margin10.6%Operating margin−24.5%Net margin−15.4%Free cash flow margin33.2%Fiscal year 2021Gross margin18.9%Operating margin−15.4%Net margin−15.1%Free cash flow margin−15.0%Fiscal year 2022Gross margin19.1%Operating margin11.2%Net margin4.9%Free cash flow margin15.7%Fiscal year 2023Gross margin21.8%Operating margin8.2%Net margin12.5%Free cash flow margin11.8%Fiscal year 2024Gross margin20.8%Operating margin9.3%Net margin−7.5%Free cash flow margin12.3%Fiscal year 2025Gross margin18.6%Operating margin−31.8%Net margin−80.9%Free cash flow margin−15.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 32.6% 25.0% 27.2% 12.1% 10.6% 18.9% 19.1% 21.8% 20.8% 18.6%
Operating margin 21.7% 10.8% 8.0% −18.1% −24.5% −15.4% 11.2% 8.2% 9.3% −31.8%
Net margin 10.8% 8.9% 6.7% −12.9% −15.4% −15.1% 4.9% 12.5% −7.5% −80.9%
Free cash flow margin −17.7% 2.0% 47.7% 29.7% 33.2% −15.0% 15.7% 11.8% 12.3% −15.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−7.1Capital expenditure−0.0Free cash flow−7.1Fiscal year 2017Operating cash flow2.2Capital expenditure−1.3Free cash flow0.8Fiscal year 2018Operating cash flow14.7Capital expenditure−0.6Free cash flow14.1 +1,562.9%Fiscal year 2019Operating cash flow14.7Capital expenditure−0.1Free cash flow14.6 +3.5%Fiscal year 2020Operating cash flow14.2Capital expenditure−0.1Free cash flow14.0 −4.0%Fiscal year 2021Operating cash flow−8.1Capital expenditure−0.2Free cash flow−8.3 −159.2%Fiscal year 2022Operating cash flow8.3Capital expenditure−0.0Free cash flow8.3Fiscal year 2023Operating cash flow5.3Capital expenditure−0.0Free cash flow5.3 −36.6%Fiscal year 2024Operating cash flow5.4Capital expenditure−0.1Free cash flow5.3 +0.4%Fiscal year 2025Operating cash flow−5.8Capital expenditure0.0Free cash flow−5.8 −210.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −7.1 2.2 14.7 14.7 14.2 −8.1 8.3 5.3 5.4 −5.8
Capital expenditure −0.0 −1.3 −0.6 −0.1 −0.1 −0.2 −0.0 −0.0 −0.1 0.0
Free cash flow −7.1 0.8 14.1 14.6 14.0 −8.3 8.3 5.3 5.3 −5.8
Growth +1,562.9% +3.5% −4.0% −159.2% −36.6% +0.4% −210.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash5.9Shareholders’ equity80.2Fiscal year 2017Cash9.7Shareholders’ equity100.8Fiscal year 2018Cash7.7Shareholders’ equity102.1Fiscal year 2019Cash12.4Shareholders’ equity90.2Fiscal year 2020Cash37.1Shareholders’ equity98.9Fiscal year 2021Cash43.1Shareholders’ equity114.3Fiscal year 2022Cash19.0Shareholders’ equity118.1Fiscal year 2023Cash29.1Shareholders’ equity125.7Fiscal year 2024Cash35.2Shareholders’ equity131.3Fiscal year 2025Cash33.0Shareholders’ equity110.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.9 9.7 7.7 12.4 37.1 43.1 19.0 29.1 35.2 33.0
Shareholders’ equity 80.2 100.8 102.1 90.2 98.9 114.3 118.1 125.7 131.3 110.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
32.6% 25.0% 27.2% 12.1% 10.6% 18.9% 19.1% 21.8% 20.8% 18.6%
21.7% 10.8% 8.0% −18.1% −24.5% −15.4% 11.2% 8.2% 9.3% −31.8%
20.9% 10.6% 6.9% −18.9% −25.1% −15.0% 13.6% 20.8% 1.5% −87.3%
10.8% 8.9% 6.7% −12.9% −15.4% −15.1% 4.9% 12.5% −7.5% −80.9%
−17.7% 2.0% 47.7% 29.7% 33.2% −15.0% 15.7% 11.8% 12.3% −15.2%
Spending
0.3% 1.5% 1.3% 0.7% 2.1% 14.6% 0.0% 0.1% 0.1% 0.2%
9.1% 10.9% 16.8% 9.5% 2.3% 16.0% 7.4% 13.0% 11.3% 50.2%
0.0% 3.1% 1.9% 0.2% 0.3% 0.4% 0.0% 0.0% 0.2% 0.0%
16.4% 34.1% 50.9% n/a n/a n/a 43.8% 25.5% 498.3% n/a
Returns
5.4% 3.7% 1.9% −7.0% −6.6% −7.3% 2.2% 4.4% −2.5% −28.1%
4.6% 2.7% 1.5% −5.5% −5.6% −6.2% 1.9% 3.9% −2.3% −25.0%
Balance and payout
14.9% 20.9% 18.0% 18.1% 14.4% 16.3% 13.6% 13.2% 10.3% 11.0%